9 Main St, Albion, IL 62806-1006
This exceptional commercial property, located at 9 West Main Street in Albion, Illinois, presents a fantastic opportunity for business owners. Boasting 2,320 square feet of space on a 2,588 square foot lot, this building offers versatile options for both office and retail uses. The property is conveniently situated along Illinois Route 15, ensuring high visibility and accessibility. The front section of the building underwent a complete renovation in 2016, resulting in a modern and updated interior. This renovation included a new roof, HVAC system, electrical wiring, and plumbing, providing peace of mind and minimizing future maintenance costs. The property's adaptable layout makes it suitable for a variety of businesses, from startups seeking a prime location to established companies looking to expand their operations. The asking price is $49,500, making this an attractive investment in a thriving downtown area. The property's zoning allows for creative office, storefront, and traditional office uses, offering flexibility to suit diverse business needs. This is a rare opportunity to acquire a well-maintained, centrally located commercial building in Albion, Illinois. The property's zip code is 62806.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.